Refer to the diagram. The move of the economy from c to e on short-run Phillips Curve PC 2 would be explained by an:
A. increase in aggregate demand in the economy.
B. increase in aggregate supply in the economy.
C. actual rate of inflation that is less than the expected rate.
D. actual rate of inflation that exceeds the expected rate.
C. actual rate of inflation that is less than the expected rate.
Economics
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Elimination of minimum brokerage commission rates occurred because of
A) competition from banks. B) demands of institution investors. C) competition from foreign brokerage firms. D) an action of the Securities and Exchange Commission.
Economics
Behavior on the part of the firm that allows it to comply with the law but violate the spirit reducing the law's effect is
A) a dominant strategy. B) a creative response. C) the lemons problem. D) a positive-sum effect.
Economics